Healthcare Provider Update: ResMed provides health insurance coverage to its U.S.-based employees through comprehensive medical plans, along with dental, vision, and life insurance. Employees benefit from flexible work arrangements, retirement plans, and an employee stock purchase program. The company also offers mental health support and wellness initiatives to promote work-life balance. ResMed Healthcare costs in the United States are projected to continue rising through 2026, with insurers proposing significant premium increases for Affordable Care Act (ACA) plans. A recent analysis found that ACA insurers are seeking a median premium increase of 15% for 2026, marking the largest hike since 2018. This surge is attributed to factors such as the anticipated expiration of enhanced premium tax credits, rising medical costsincluding expensive medications and increased hospital staysand a shift in the risk pool towards higher-cost enrollees. Without the renewal of enhanced subsidies, out-of-pocket premiums for ACA marketplace enrollees could increase by more than 75% on average. Click here to learn more
Marriage transcends geographical boundaries, and when it involves a partner from another country, the complexities of immigration law come into play. This study, conducted in collaboration with immigration attorney Julia Funke, Esq. , provides an in-depth analysis of visa options for non-American citizens and strategic use of marriage agreements. ResMed employees, especially those engaged with partners of different nationalities, should be aware of these rule and regulations when planning for their financial future.
Identifying Visa Options
ResMed employees considering bringing a non-American citizen to the United States, selecting the right visa is crucial. It’s a misconception that the K-1 visa, prominently featured on the reality TV show '90-Day Fiancé,' is the only option. There are three essential types of visas, each suited to different circumstances:
1. K-1 Visa (Fiancé Visa): Allows a non-American fiancé to enter the United States on the condition that the marriage occurs within 90 days. As of November 2023, the processing time for an I-129F application, necessary to obtain this visa, is about 12.5 months. Further documentation is required afterward to secure a green card, which can extend the entire process by an additional year.
2. CR-1 Visa (Spouse of a U.S. Citizen): For marriages under two years, the CR-1 visa issues a conditional green card valid for two years. Couples must file an I-751 form before this period ends to prove the validity of the marriage and obtain a ten-year green card. This visa allows the foreign spouse to adjust their status within the United States if they already hold another visa or undergo consular processing abroad.
3. IR-1 Visa (Immediate Relative Spouse Visa): Suitable for couples married for more than two years, offering a ten-year unconditional green card. This option simplifies the process by eliminating the need for later verifications.
ResMed employees should be aware of the complexity of these options as they highlight the importance of consulting an experienced immigration lawyer to effectively navigate the legal nuances.
The Role of the Affidavit of Support
A critical yet often overlooked document in the immigration process is the Affidavit of Support. This contract between the American citizen and the government stipulates that the American will provide financial support to the non-American spouse until they both become U.S. citizens or complete 40 quarters of work (10 years). This commitment remains valid even in the event of a divorce, unless the spouse gains citizenship, completes the required work quarters, or finds another sponsor.
Strategic Management of Prenuptial Agreements
Prenuptial agreements play a crucial role in managing the financial responsibilities outlined in the Affidavit of Support . These agreements can:
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1. Limit financial obligations to those stated in the Affidavit of Support in the event of a divorce.
2. Set a deadline for the immigrant spouse to begin the citizenship process, thus reducing the risk of indefinite financial liability.
3. Align expectations and facilitate clear communication about financial responsibilities and procedures, which is essential to prevent conflicts.
In conclusion, marrying a non-American involves not only romantic commitments but also significant legal and financial considerations. ResMed employees should understand the different visa pathways and the implications of the Affidavit of Support, as well as the strategic use of marriage agreements, so they can more effectively address these challenges. It's crucial to grasp these elements to ensure a smooth transition and a stable future for bi-national couples looking to build their lives in the United States.
For ResMed employees considering the long-term financial well-being of their adult children, especially those engaged with partners of different nationalities, a marriage agreement is an essential risk management tool. Recent studies, such as a 2023 survey by the American Academy of Matrimonial Lawyers , show an increasing trend in using prenuptial agreements to preserve pre-existing family legacies and assets in international marriages. This legal protection helps safeguard the financial foundations established by previous generations, reducing potential legal disputes and ensuring family legacies across international borders.
What is the 401(k) plan offered by ResMed?
The 401(k) plan at ResMed is a retirement savings plan that allows employees to save a portion of their salary on a tax-deferred basis.
How does ResMed match employee contributions to the 401(k) plan?
ResMed offers a matching contribution to the 401(k) plan, typically matching a percentage of employee contributions up to a certain limit.
When can I enroll in the ResMed 401(k) plan?
Employees at ResMed can enroll in the 401(k) plan during the initial onboarding process or during the annual open enrollment period.
What types of investment options are available in ResMed's 401(k) plan?
ResMed's 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.
Is there a vesting schedule for ResMed's 401(k) matching contributions?
Yes, ResMed has a vesting schedule for matching contributions, meaning employees must work for a certain period before they fully own the matched funds.
Can I take a loan against my 401(k) with ResMed?
Yes, ResMed allows employees to take loans against their 401(k) balance, subject to certain terms and conditions.
How can I change my contribution rate to the ResMed 401(k) plan?
Employees can change their contribution rate to the ResMed 401(k) plan through the online benefits portal or by contacting HR.
What happens to my ResMed 401(k) if I leave the company?
If you leave ResMed, you have several options for your 401(k), including rolling it over to another retirement account, cashing it out, or leaving it with ResMed until a later date.
Does ResMed provide financial education regarding the 401(k) plan?
Yes, ResMed offers resources and workshops to help employees understand their 401(k) options and make informed investment decisions.
Are there any fees associated with ResMed's 401(k) plan?
Yes, there may be administrative fees associated with managing the ResMed 401(k) plan, which are disclosed in the plan documents.



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